steve loranger

Shares of ITT Corporation (NYSE: ITT) are trading up 13.9% at $60.10 per share during the Wednesday afternoon trading session. The company announced on Wednesday before the market opened that it plans to split into three separate, publicly traded companies. Chairman, president and chief executive...

ITT Corporation (NYSE: ITT) today announced that its board of directors has unanimously approved a plan to separate the company's businesses into three distinct, publicly traded companies. Under the plan, ITT would execute tax-free spinoffs to shareholders of its water-related businesses and its...